TraderGav.com

Gav's trading blog - Perseverance, Consistency, Confidence

Gav

Is it time now?…USDJPY

by Leave a Comment

Firstly, I don’t trade this pair. I have some negative biased views for both Dollar as well as Yen. I use this pair for analysis purposes. Alright, enough of nagging. I see weakness in Yen (that’s one of the reasons I am long AUDJPY now).

In the , what I call, a ‘short sighted’ view, USDJPY is trying to run up the 111-ish level. Let’s see how it works out.

Here is the….CHART!

[photopress:usdjpy06jul2008.gif,full,1]

And here are some statistics. ‘Short sighted’ view, we are in Uptrend. 🙂

About this tool

By Trader Gav

Today’s Coffee thoughts- Finding life solution in trading

by 11 Comments

What is the worst psychological problem a trader wannabe can have?

Find a life solution in trading?

When you are trying to find a solution to your life in the business of trading.

How many times you feel unsatisfied in your day job, dislike the unfavoured working environment, having pathetic financial situations, or even poor social life, you then turn your focus into trading? You wanna make your own decision, be your own boss, hope, (yes, you hope), to make fortune from the buy and sell buttons.

Trying to solve your personal life problem in the trading business is another way to disaster. Not only financial but a disaster of your life.

Think….

Gav with coffee

On a side note, if you are interested in learning more about trading, check out my Back to Basics of Trading series.

Sunday chart scanning….waiting..

by Leave a Comment

Immediately after getting back from vacation, I am tied up with my day job again. What the….. :-|, Anyway, I have been spending sometime studying the market. Heck, to be frank, I found it pretty tricky to trade the currency markets recently, well, at least, to my style of trading. A lot of time, I am sitting aside watching the market, and sometimes, just missing the entry. Whatever.. Trading result is pretty flat, uneventful.

While waiting for the opportunity to appear, I continue developing my trading model, well, I might reveal one or two lines here when I am comfortable with it. Anyway, in short, nothing interesting appear in my Sunday chart scanning. Well, if you really want to hear something, ok , look at Long side of AUDUSD..

[photopress:AUDUSD30June2008.jpg,full,1]

About this tool

Action : Sit back, enjoy my wine.

Back from vacation..

by Leave a Comment

Yup, I am back from sunny Malaysia to the freezing Melbourne. It was an enjoyable trip. I did nothing but staying at home, enjoying the moments with my family. It is always good to be at home.

On the trading front, It has been almost a month since my last trade. I have no open position at the moment. I am looking/waiting for the opportunity to go Long with AUDUSD. Well, the key word is ‘Waiting’. …

On a side note, an idiot is stealing my blog posts intentionally. Yup, he sets up a new domain, a new website, just to display everything I write on TraderGav.com. I am not going to link or tell you the name of the site. In case you are reading this post, but not on TraderGav.com, you know you are at the wrong place.